HomeTechTechnologyGM Laying Off 24% Of Cruise Workforce, Suspends Robotaxi Trips

GM Laying Off 24% Of Cruise Workforce, Suspends Robotaxi Trips

General Motors (GM) is to lay off 24% of its Cruise workforce. 900 employees are to be laid off and 9 “key leaders” were dismissed Wednesday following a safety investigation. The layoffs come after an October 2nd incident where a pedestrian was dragged 20 feet by a Cruise self-driving car. GM has suspended all robotaxi trips on public roads. Jenny Horne weighs in on this story. Tune in to find out more about the stock market today.

Market On Close

14 Dec 2023

SHARE

ON AIR
5:30 am
The Wrap
replay
12:00 am
Market Overtime
REPLAY
12:30 am
Market On Close
REPLAY
education
2:00 am
Your First Trade
REPLAY
education
2:30 am
Your First Trade
REPLAY
3:00 am
Fast Market
REPLAY
4:00 am
Next Gen Investing
REPLAY
education
5:00 am
Liz Ann Live
REPLAY
ON AIR
5:30 am
The Wrap
REPLAY
7:00 am
Market Overtime
REPLAY
8:00 am
Market Overtime
REPLAY
8:30 am
Market On Close
REPLAY
education
10:00 am
Schwab 2026 Outlook
REPLAY
11:00 am
Fast Market
REPLAY
12:00 pm
Next Gen Investing
REPLAY
education
1:00 pm
Liz Ann Live
REPLAY
1:30 pm
The Wrap
REPLAY
3:00 pm
Market Overtime
REPLAY
4:00 pm
Market Overtime
REPLAY
4:30 pm
Market On Close
REPLAY
education
6:00 pm
Schwab 2026 Outlook
REPLAY
7:00 pm
Fast Market
REPLAY
8:00 pm
Next Gen Investing
REPLAY
education
9:00 pm
Liz Ann Live
REPLAY
9:30 pm
The Wrap
REPLAY
11:00 pm
Market Overtime
REPLAY

Schwab Network's Newsletters

Daily insights for every investor